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NASDAQ Index, SP500, Dow Jones Forecasts – Dow Jones Retreats As Unitedhealth Group Dives 6%

By:
Vladimir Zernov
Published: Jul 29, 2025, 19:27 GMT+00:00

Key Points:

  • SP500 pulled back as JOLTs Job Openings missed analyst expectations.
  • NASDAQ is losing some ground as traders continue to take profits near historic highs.
  • Dow Jones pulled back towards the support at 44,600 - 44,700.
NASDAQ Index, SP500, Dow Jones Forecasts

SP500

SP500
SP500 290725 4h Chart

SP500 is moving lower as traders focus on job market data. JOLTs Job Openings declined from 7.712 million in May to 7.437 million in June, compared to analyst forecast of 7.55 million. Today, traders also had a chance to take a look at CB Consumer Confidence report for July. The report indicated that CB Consumer Confidence increased from 95.2 in June to 97.2 in July, compared to analyst consensus of 95.8. Real estate stocks were among the biggest gainers in the SP500 index today as traders focused on falling Treasury yields. Energy stocks have also moved higher, supported by the strong rally in the oil markets.

In case SP500 stays below the 6390 level, it will head towards the nearest support, which is located in the 6340 – 6350 range.

NASDAQ

NASDAQ
NASDAQ 290725 4h Chart

NASDAQ made an attempt to settle above the resistance at 23,400 – 23,450 but lost momentum and pulled back. Traders continued to take profits off the table near historic highs.

In case NASDAQ manages to settle below the 23,300 level, it will move towards the nearest support at 23,150 – 23,200. A successful test of this support level will open the way to the test of the next support at 22,850 – 22,900.

Dow Jones

Dow Jones
Dow Jones 290725 4h Chart

Dow Jones is under pressure due to strong pullbacks in Unitedhealth Group and Boeing stocks. Unitedhealth Group is down by 6% as traders react to the disappointing second-quarter report. Boeing declined by 4.2% after the company announced that certification of its new models was delayed until 2026.

Currently, Dow Jones is trying to settle below the support at 44,600 – 44,700. In case this attempt is successful, Dow Jones will gain additional downside momentum and move towards the next support level, which is located in the 43,900 – 44,000 range.

For a look at all of today’s economic events, check out our economic calendar.

About the Author

Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.

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